Service & Supply


Enterprise Closes Offshore GoM Business Sale

Michael A. Creel, CEO of Enterprise’s general partner, said the proceeds enhance the company’s financial flexibility for Eagle Ford and Permian Basin projects. Including proceeds, current liquidity surpasses $6 billion.

Mon, 07/27/2015 - 09:28

SBM Offshore Divests Stake To Supply, Lease An FPSO In GoM

The Stones development is about 320km offshore Louisiana in the Walker Ridge area, in 2,896m (9,500ft) of water. Turritella will be the world’s deepest FPSO.

Thu, 07/16/2015 - 16:35

Black Diamond Group Will Sell Construction Services To Northern Frontier

The Edmonton, Alberta-based construction services operation serves the western Canadian marketplace. The transaction is scheduled to close July 31, and is expected to be accretive to both parties.

Thu, 07/16/2015 - 09:38

DOJ Extends Review Date Of HAL-BHI Merger

The Department of Justice’s review date of Halliburton’s acquisition of Baker Hughes was extended to the later of Nov. 25 or 90 days after "substantial compliance" is achieved, Reuters said. 

Fri, 07/10/2015 - 16:32

Wellsite Rental Services, Viking Oil Tools Will Merge

Wellsite Rental Services LLC provides rental drilling and completions equipment, and Viking Oil Tools provides specialty fishing, thru tubing and remedial services. Both are majority-owned by NGP Energy Technology Partners.

Thu, 07/09/2015 - 15:45

Rex Energy Wraps Up Keystone Clearwater Solutions Sale

Rex, faced with debt and overspending that has been dragging on the company, sold its 60% interest in its Keystone Clearwater Solutions in a $130 million transaction.

Thu, 07/09/2015 - 08:20

NOV Spinoff Buys West Texas Pump Distributor

The cash transaction is subject to regulatory approval and other closing conditions, were not disclosed. Odessa provides pumps and equipment for oil and gas, municipal and wastewater markets.

Wed, 07/01/2015 - 08:39

Blue Water, Viscos Form Sludge To Oil JV Company

Oilfield technologies company Blue Water Petroleum Corp. signed a letter of intent with Viscos Energy Partners to form STO (Sludge to Oil) to operate Viscos’ oil sludge remediation, upgrading system.

Fri, 06/26/2015 - 14:53

Core Lab Acquires Sanchez Technologies

Reservoir services company Core Laboratories NV acquired Sanchez Technologies in an all-cash transaction. Sanchez is based in Viarmes, France. Sanchez designs and manufactures cutting-edge reservoir pressure-volume-temperature equipment and instrumentation.  

Wed, 06/24/2015 - 14:53

Seventy Seven Energy Wraps Up Trucking Company Sale

Seventy received $42 million for the sale of Hodges to an Aveda Transportation subsidiary. Hodges currently operates and owns about 900 pieces of rig moving and heavy haul equipment. 

Tue, 06/16/2015 - 09:35

ROC Services Receives Facility For Acquisition By Coral Reef

Wellsite services provider ROC Services Co. will be acquired by Coral Reef Capital. GE Capital Markets arranged a $17 million credit facility funding the acquisition.

Wed, 06/10/2015 - 12:21

Houston's Willbros Plans Sale Of Professional Services Segment

The Houston company will continue to provide the full suite of construction, maintenance and engineering procurement construction (EPC) services it currently offers through its oil and gas, utility transmission and distribution (T&D) and Canada segments.

Tue, 06/09/2015 - 08:37